We all know that China has banned crypto again. This time the reason was quite predictable (no, i haven't sell in time π€¦ββοΈ): they are afraid that the funds used to rescue Evengrande will end up abroad to feed the cryptocurrency market. Fairly well-founded doubts, almost solid certainties.
The point is that Bitcoin cannot be stopped. Bitcoin will lead a revolution ready to change the world. The more you try to stop it, the stronger it will become, like the Lernaean Hydra.
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"What does not kill me makes me stronger" Β Friedrich Nietzsche about BΜΆiΜΆtΜΆcΜΆoΜΆiΜΆnΜΆ.
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I doubt that the Chinese will give up cryptocurrencies (we all know they are addictive: after what will they talk to friends at pigiama party π?!) and I doubt that they will be too scarried by their government sanctions, for these reasons I believe they will begin to focus on decentralized finance, on platforms DeFi.
At the moment I have finished my funds to dedicate to crypto but I will jump through hoops to try to find liquidity as soon as possible to be allocated to one of the many DeFi projects because i think that all chinese investors will start to use them: $LUNA; $AVAX; $UNI; $LINK; $CAKE; $SUSHI; $1INCH; etc...This is not a financial advice.
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XOXO
Gaia β€οΈ